- Germany’s Angela Merkel pledged to bring the country’s political impasse for three months to an end and form a government as soon as possible.

- SAC Capital’s Steve Cohen is expected to return to the hedge fund industry at the start of 2018 when a ban on him managing outside money lifts.

- China’s foreign exchange regulator has capped overseas withdrawals using Chinese bank cards at 100,000 yuan ($15,369.72) per year in a move designed to prevent money laundering and terrorist financing.

- Italy’s president Sergio Mattarella asked the country’s political parties, as they embark on an election campaign, to offer voters “concrete and realistic proposals” and particularly to improve the jobs market.